The year 2023 is expected to be a very interesting year for the cryptocurrency market. Both the future direction of the market as well as the duration of the FTX collapse are uncertain. The topic of “cryptocurrencies to invest by 2023” is undoubtedly the most talked about in the cryptocurrency space. Due to their dynamic nature, the value of cryptocurrencies fluctuates every day. Experts are generally optimistic about the medium-term prospects for the cryptocurrency market, and believe it can survive a few months.
XRP
XRP is the most widely used, fastest, and cost-effective cryptocurrency for cross border trading. This cryptocurrency allows you to transact with different currencies across the network.

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Source: CoinmarketcapXRP Price at the time of writing is $0.3731. It has a market capitalization ($37 B) of $37 billion and a 24-hour trading volume of 29.32%. It now stands at $1.3 billion. The circulating supply of XRP is 50,623,288,122.
Cardano
Cardano’s value fell by almost 8% last year. Experts predict that Cardano’s value will recover in 2023. The proof-of-stake mechanism is a hallmark of the coin.
Source: CoinmarketcapCardano’s price at the time of writing is $0.324, with a market capitalization of $14.5 B and a 24-hour trading volume up by 2.10%. It now stands at $366million. The circulating supply is 34,518 639,817 ADA.
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GALA
In the last 7 days, Gala’s price has increased 120.54%. Gala Games had tweeted that it had reached a deal with the rock. The price of the rock began to fall after Gala Games removed the tweet. Gala tokens are still a possibility in 2023.
Source: CoinmarketcapThe Gala price is $0.04057 at the time this article was written. It has a market capitalization $1.4 billion and a 24-hour trading volume of 8.46%. It now stands at $551million. The circulating supply is at 6,977,205.436 GALA.
Avalanche
Recently, the price of Avalanche tokens increased by 26%. It is the result of Ava Labs’ alliance with Amazon Web Services (AWS).

The current price of Avalanche is $15.35. It has a market capitalization at $11 B and a 24-hour trading volume of up to 375.55%. It now stands at $1 billion. The circulating supply is also approximately 311,582,143 AVAX.
Dogecoin

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There are many common factors that have led to Dogecoin’s adoption. Dogecoin is a must-have in collections due to the hardworking team. Unlike other coins, this crypto coin doesn’t have any creation restrictions. It is one of the cryptocurrencies that always shows growth.
Source: CoinmarketcapDogecoin’s price at the time of writing is $0.07874, with a market capitalization of $10.4 B and a 24-hour trading volume up by 15%. It now stands at $507 Million. The circulating supply of DOGE is also approximately 132,670764,300 DOGE.
Disclaimer: This article is not intended to be an investment advice. Before investing in any asset, please do your research.
Also read: Tokenization: What exactly is it?

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The content presented may contain the author’s personal opinion and is subject to market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.

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